26.02.201407:00 Forex Analysis & Reviews: Technical analysis of EUR/USD for February 26, 2014

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

The pair is consolidating in a range between 1.3686 and 1.3773. During the Asia's trading session, the pair is trading near crucial ascending trend line support zone, breaking below that it will fall to 1.3686. Major weakness on the cards only below that level of 1.3686 towards 1.3653 immediately. Positional shorts will form below 1.365 for the targets at 1.3468. On the other hand, if the pair break upside range at the level of 1.3773, it will move up to 1.3820, 1.3850, and 1.39 finally.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.